This Historically Accurate Bitcoin Fractal Now Calls for a Correction to $17,500
Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling
Read MoreBitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling
Read MoreBitcoin price is now once again trading around $20,000 and with it has brought about a surge in
Read MoreEthereum has undergone a strong rejection since reaching the summer highs of $490. The leading cryptocurrency fell from
Read MoreBitcoin is trading almost 12 percent below from its local top near $10,400, but a historically accurate technical indicator hints a trend reversal.The pattern formed on Monday as the short-term moving average of Bitcoin’s hash rate jumped over the long-term moving average, signaling the beginning of a buying setup.Its previous
Read MoreBitcoin’s consolidation channel formed since the start of May has been narrowing ever since it was first established.The cryptocurrency is now trading sideways between $9,000 and $9,300, facing immense resistance at the upper boundary of this range.From a fundamental perspective, the benchmark digital asset has been seeing stagnating market health,
Read MoreEthereum has now pushed below the lower boundary of its long-held trading range that has been formed throughout the past several weeksThis weakness has come about as Bitcoin also inches lowerBoth of these digital assets have been maintaining above these levels over the past several weeks, and a firm decline
Read MoreAfter attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss
Read MoreThe short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely.The Bitcoin price has been ranging in between
Read MoreViewBitcoin's January surge has put the bulls into the driver's seat, opening the doors for a continued rally into five figures. A minor pullback to $9,000 could be seen in the next 24 hours or so, with intraday indicators are flashing bearish signals. The overall bull bias will remain intact
Read MoreBuyers, however, remained elusive and the average support, then located around $6,100, was convincingly breached in mid-November with high volumes. The violation of the support likely triggered stops on long positions, leading to a violent sell-off. Source
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